“First move” foreign investors, such as hedge funds, have started buying into the Russian local bond market, following the approval of Euroclear by Russia’s Federal Service for Financial Markets (FSFR) to offer services for a range of Russian debt securities....

European Commission leaders have at last moved to make more public their efforts to address the worsening crisis in the Eurozone. But the latest informal meeting, held to smooth the path to agreement at a summit later this month, has served only to entrench...